Выразите согласие или несогласие. Исправьте неверные утверждения

1. The theory of supply is the theory of what to produce.

2. The producer maintains the level of output at which he minimizes his profit.

3. Profit is defined in terms of revenue and costs.

4. Revenue is what firms spend by buying goods and services.

5. Costs are the earnings of the firm.

6. Costs include opportunity costs of all recourses, owner’s time and effort in running a business.

7. In order to receive the highest profit firms should pay attention to marginal cost and marginal revenue.

8. Marginal cost is the corresponding change in the total revenue from selling one more unit of output.

9. Marginal revenue is the increase in total cost when additional unit of output is produced.

10. Profits are high when marginal cost is equal to marginal revenue.

11. When marginal cost increases output rises.

12. When marginal revenue increases output decreases.

13. It is necessary to know the effect of a price change on the whole output for making economic forecasts.

14. Market supply means that in terms of the alternative quantities of a commodity all firms in a particular market offer as price varies and as all other factors are assumed constant.

Задание № 5

Максимальное количество баллов – 10.

Письменно переведите текст на русский язык.